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Axis Nifty50 Equal Weight Index Fund Direct Growth
NAV: 11 Aug '26
₹10.30
Min. for SIP
₹100
Fund size (AUM)
₹104.83 Cr
Expense ratio
5.37%
Rating
--
Minimum investments
Min. for 1st investment
₹100
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | -- | -- | -- | +3.4% |
| Category average (Equity Large Cap) | -- | -- | -- | -- |
| Rank (Equity Large Cap) | -- | -- | -- | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.25%, if redeemed within 15 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +9.96% | +16.05% | 1,931.40 | |
 | +6.38% | +14.87% | 2,144.56 | |
 | +2.82% | +13.45% | 54,224.57 | |
 | +1.71% | +13.31% | 80,960.34 | |
 | +4.79% | +12.18% | 1,443.24 | |
| Compare | ||||
Fund management
NMNandik MallikJul 2026 - PresentView details
NM
Nandik Mallik
Jul 2026 - Present
View details
RGRohit GautamJul 2026 - PresentView details
RG
Rohit Gautam
Jul 2026 - Present
View details
About Axis Nifty50 Equal Weight Index Fund Direct Growth
Axis Nifty50 Equal Weight Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Nandik Mallik is the Current Fund Manager of Axis Nifty50 Equal Weight Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,56,814 Cr and the Latest NAV as of 11 Aug 2026 is ₹10.30.
The Axis Nifty50 Equal Weight Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 0.25%, if redeemed within 15 days.
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Investment Objective
The scheme seeks to provide returns before expenses that correspond to the performance of Nifty50 Equal Weight TRI subject to tracking error.
Fund benchmarkNIFTY 50 Equal Weight Total Return Index
Fund house
Rank (total assets)#7 in India
Total AUM₹3,56,814.22 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,